Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
CryptoQuant: The Bitcoin bull run isn’t over yet

CryptoQuant: The Bitcoin bull run isn’t over yet

Bitget2024/03/21 06:54
By: Bitget

The CryptoQuant report shows that the Bitcoin bull market is not over yet, with investment inflows from new investors relatively low and price valuation indicators still below past market peaks. 48% of Bitcoin investment comes from short-term holders, a proportion that has reached levels similar to mid-2019. CryptoQuant analysts said that “bull markets typically end when new investors reach 84% to 92% of investment.” The market has still not reached the top zone, but is expected to enter a bull market. In addition, the upcoming Bitcoin halving event is seen as an important factor supporting Bitcoin prices. Standard Chartered predicts that Bitcoin prices could reach $150,000 in 2024 and hit a cycle top of $250,000 in 2025.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

SEI Price Chart Shows Growth, Tron Pushes Network Upgrades, but BlockDAG’s $410M Presale Ranks as the Best Crypto Right Now

Explore SEI price growth, review Tron (TRX) trends, and discover how BlockDAG’s $410M presale momentum secures its place as the best crypto right now.BlockDAG: A Mining-First Path to GrowthSEI Price Chart Reflects Weekly GrowthTron Market Review Shows Steady ProgressSumming Up

Coinomedia2025/09/21 00:06

Trending news

More
1
SEI Price Chart Shows Growth, Tron Pushes Network Upgrades, but BlockDAG’s $410M Presale Ranks as the Best Crypto Right Now
2
XRP Price Prediction: Analysts Watch $3.20 Breakout As Korean Custody News Fuels Speculation

Crypto prices

More
Bitcoin
Bitcoin
BTC
$115,364.44
-0.43%
Ethereum
Ethereum
ETH
$4,476.73
-0.34%
XRP
XRP
XRP
$2.98
-0.00%
Tether USDt
Tether USDt
USDT
$1
-0.00%
BNB
BNB
BNB
$1,046.24
+2.36%
Solana
Solana
SOL
$237.37
-1.09%
USDC
USDC
USDC
$0.9998
-0.00%
Dogecoin
Dogecoin
DOGE
$0.2623
-2.02%
TRON
TRON
TRX
$0.3441
-0.91%
Cardano
Cardano
ADA
$0.8864
-1.00%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter